EUR/USD
1.13982
-0.194%
Gold
3320.27
-0.711%
Oil
61.113
-0.850%
USD/JPY
142.417
0.295%
GBP/USD
1.34141
-0.193%
GBP/JPY
191.051
0.154%
Real-time News
April 29, European Central Bank survey on Tuesday showed that eurozone consumers raised their inflation expectations for the next few years in March before the United States imposed tariffs on most countries and launched a global trade war that could weaken economic growth. Inflation expectations for the next 12 months are 2.9%, higher than 2.6% in the previous months survey; inflation expectations for the next three years rose from 2.4% to 2.5%. Although such increases usually cause vigilance for the European Central Bank, the data was collected before the United States imposed tariffs, and the tariff policy has fundamentally changed the outlook for the global economy. A stronger euro, lower energy prices, and possibly weaker economic growth are all likely to reduce price growth. Due to the dramatic change in the outlook, the European Central Bank cut interest rates again in April and warned of weak economic growth. Some policymakers even believe that the inflation target is at risk of falling below 2% again.The ECBs three-year CPI forecast for the euro area in March is 2.5%, the expected value is 2.3%, and the previous value is 2.40%.The ECBs one-year CPI forecast for the euro zone in March is 2.9%, the expected value is 2.5%, and the previous value is 2.60%.Italys Istat consumer confidence index in April was 92.7, expected to be 94 and the previous value was 95.The euro areas M3 money supply annual rate in March was 3.6%, in line with expectations of 4% and the previous value of 4.00%.
